
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Naspers subsidiary OLX Group led a $120m round for the e-commerce app developers, which have agreed to merge, and will own 40% of the combined entity.
CCB and CO2 Management came onboard in an $11.3m round for ZEG as it continutes work on its clean hydrogen generation facility.
Pupil, developer of a spatial analysis system for real estate, raised $16.1m in a round led by property developer City Developments that will fund product development.
The asset management software producer has closed a round led by Ping An Global Voyager Fund with contributions from Goldman Sachs, UBS and BNY Mellon.
Online used car retailer Cazoo took its overall funding to approximately $218m in a round led by corporate venturing vehicle DMG Ventures.
Celgene-backed immuno-oncology drug developer Dragonfly Therapeutics boosted its total financing to $300m in round of undisclosed size led by Fidelity.
Celgene-backed Nurix Therapeutics will use the capital to advance two protein modulation-based immuno-oncology drug candidates toward clinical trials.
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
The antibody therapy developer closed a $100m round co-led by Lilly Asia Ventures that will fund phase 3 clinical studies for its lead drug candidates.